DIVISION 1. DEPARTMENT OF BOATING AND WATERWAYS AND THE BOATING AND WATERWAYS COMMISSION 30-88›CHAPTER 2. Department of Boating and Waterways 50-77.1›ARTICLE 5. Recreational Marinas 76-77.1

§ 77.1

California Harbors and Navigation Code · 2018-11 edition · updated 2026-10-04 · California

The department, upon whatever terms and conditions it deems proper, may sell or otherwise dispose of property serving as collateral for a defaulted loan made under Section 76.3 or may operate, contract to operate, or let property involved in the default. All proceeds from any action of the department pursuant to this section shall be deposited in the Harbors and Watercraft Revolving Fund and credited towards the repayment of the defaulted loan.

(Added by Stats. 1990, Ch. 1500, Sec. 4.)

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California Harbors and Navigation Code

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